Don t have FASTag? Charges, documents, everything you need to know
FASTags must from today midnight: All lanes on the fee plazas on national highways shall be classified as FASTag lane of the fee plaza from today midnight
BusinessToday.In | February 15, 2021 | Updated 13:12 IST
FASTag is valid for five years from the date on which it was issued
The Union Ministry of Road Transport and Highways has made it compulsory for all vehicle owners to use FASTags, which facilitate electronic payment of fees at toll plazas, beginning from February 15 midnight. As per the guidelines issued by the Ministry of Road Transport and Highways, all lanes on the fee plazas on national highways shall be classified as FASTag lane of the fee plaza from today midnight.
“The purpose of the petition was to protect the digital payments ecosystem and customers and we don’t feel the need to press for any further compensation. In case we see any delays in the implementation, we will come back and fight again in the court,” the spokesperson told The Economic Times.
Typically, fake headers and messages are disguised as coming from banks or payment executives to secure private details from unsuspecting customers in order to gain access to their bank accounts and siphon funds. Such frauds proliferated during the pandemic-induced lockdown in tandem with the rising number of first-time digital payment users.
WhatsApp Pay processed 0.81 million UPI transactions worth Rs 29.72 crore, an over 100% increase in both volume and value compared to November, NPCI data shows.
»Paytm Payments Bank Has Issued Over 6 Million FASTags & Enabled Cashless Payments on 250 Toll Plaza s
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Paytm Payments Bank Has Issued Over 6 Million FASTags & Enabled Cashless Payments on 250 Toll Plaza s
FASTag contactless payments system is now mandatory for all vehicles for paying the toll charges while crossing any toll plazas across national highways in India, from February 15.
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FASTag has been in the news these days. With the government extending the deadline for making FASTag mandatory on highways, people have been hearing a lot about FASTags in the news, on the internet, and around their own social circles. Given that the topic is trending, India s Paytm Payments Bank took the opportunity to boast about its feat of becoming the leading issuer of FASTag in the country with over 6 million FASTags being issued via Paytm Payments Bank. Further, Paytm said that its Payments Bank has enabled cashless toll payments across 250 toll plaza s in the countr